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Qualcomm Lowers Forecast; Stock Plunges 9%
Looking forward to your analysis of Sempra Energy on word that JP Morgan has pulled out as the last bidder for Royal Bank of Scotland's stake in RBS Sempra Commodities...— February 1, 2010 4:07 p.m.
Global Warming Is Crap!
All of the above are interesting comments. For anyone who's interested in actually doing at least a partial survey of the literature, one could use the following links as a starting point: http://scholar.google.com/scholar?q=global+warming http://scholar.google.com/scholar?q=global+warmin… http://www.worldcat.org/search?q=global+warming http://www.worldcat.org/search?q=global+warming+d… Compare and contrast to your heart's content. I've never used wikipedia as a source worth citing about anything, as it is nothing more than the Cliffnotes of the Internet, but it's not a bad place to start reading up on unfamiliar topics.— February 1, 2010 3:04 p.m.
Fee-Happy Green-Quashers?
The recently increased fee is why I'd rather go solar WITHOUT connecting to the grid, purchasing just a few solar panels at a time. The fact that SDG&E keeps begging to CPUC for more fee increases is enough of a market incentive for me to start taking more and more of my light-load appliances off the grid permanently (http://www.sandiegoreader.com/weblogs/encanto-gas…). For the information of the residents quoted above, there is always the option of forming a electrical cooperative (see California Public Utilities Code sections 2776-2778). Just don't string electrical lines to your neighbors across the street!— January 23, 2010 3:54 p.m.
December Unemployment 10.1%
RE #4: I have a number of concerns regarding doubts of Bernanke's confirmation to another term as Federal Reserve chair. The rapid drop in Friday's DJIA on the news of Senator Boxer's apparent opposition to a second Bernanke term, plus President Obama's populist public comments on certain banks being too big to fail, reveal IMO how "frothy" the markets have been since some time after March 2009. By "frothy", I mean that the DJIA has been talked upward past a reasonable valuation relative to the March 2009 bottom. I still see too much non-transparancy in the large banks and other national financials to justify DJIA at 10700, and to me, a correction down to 9750 would not be totally out of line. Another concern is in the names of those now opposing Bernanke's second term: just about every one of the senators who is now opposed did earlier vote in the affirmative for his first term as Fed chair. So far, I haven't heard any senator saying her or she was willing to step down for that first vote. On a positive note, I consider anything such as Bernanke opposition that helps to squeeze out short-run market "frothiness" is in reality a long-run blessing for reduced valuation volatility.— January 23, 2010 2:58 p.m.
December Unemployment 10.1%
I thought this week signaled that the Stealth Recovery just gave way to Great Recession: Part Deux... hopefully, I'm wrong 'cause this is weeks early in my estimation.— January 22, 2010 3:36 p.m.
San Diego, like U.S., sees 2 percent growth
Most annoying part of speech: After all the hoopla at the beginning of the mayor's administration about finding out things on every city contract, no mention was made of the SDG&E franchise fee, still set at the 1970 low of 3% a year... even after wildfires that we may still have more of.— January 18, 2010 9:28 a.m.
Wall Street is feasting off Main Street’s pain
"Main Street is being hit by a triple whammy. Not only do we pay high interest rates while the banks pay zero, but we also get exceedingly low interest on our savings accounts and money market funds. The rates are so low it almost forces us to buy bonds or high-yielding stocks to get income." It also seems to be forcing a lot of bank/financials dependency on higher credit card rates as well.— January 14, 2010 12:10 p.m.
San Diego, like U.S., sees 2 percent growth
RE #40: Dang. I posted my own idiot blog before I saw the invite. For the life of me, I don't know why it's appearing a a front-page news story... I've had to stand at attention a whole lotta times while this minister of state or that military chief arrived or departed the District of Columbia, sometimes watching fellow Old Guardsmen eat pavement from locking their knees during somebody's speech... and I never had to wait as long as I did during Hueso's formal greetings to all of the assembled non-heads of state before the State of the City address...— January 14, 2010 12:03 p.m.
San Diego, like U.S., sees 2 percent growth
I've known Mr. Williams for a number of years back in the late 1980s. I am hoping that he can appreciate what is said and not said in the State of the City address tonight. If that speech goes not the way I would hope it would go -- with the mayor failing to identify one of the great open sewer drains on our local economy that hasn't been publicly addressed since before I (a 50+ old guy) was in high school -- then it is my hope that Mr. Williams and others with at least some experience in public governance by legislative bodies are able to open everyone's eyes, in the same ways that eyes were opened to the very interesting article that he mentioned above. The reason why all of our best and brightest can't all be in government at the same time is because none of us can trust it without some of the best and brightest being watchful over what the government does... from the outside looking in.— January 13, 2010 10:05 a.m.
Get Off the Bus, Gus
It seems that the MTS new compass card customer-tracking system turned out to be a whole lot more expensive that first anticipated. Personally, I don't see why being tracked from station to station on the trolley with one's compass card is such a great thing for consumers. Unless one is totally drugged-out or asleep, there's no reason for MTS to be everybody's daddy and spend more on computers, tap&go terminals, and all of that data processing infrastructure to keep track of us on our daily excursions. We already have GPS in our cell phones anyways. I haven't crunched the numbers, but I'd bet MTS would have a smaller deficit and dropped a lot less Sunday route service if it didn't give itself its new computerized Xmas present.— January 12, 2010 10:57 a.m.